China rejects Trump’s trade deal violation claims ...Iraq

SHAFAQ NEWS - News
China rejects Trump’s trade deal violation claims

Shafaq News/ China pushed back, on Monday,against accusations from US President Donald Trump that it violated lastmonth’s trade deal, calling the claims “groundless.”

In a statement, the Chinese Ministry ofCommerce insisted that Beijing had honored all terms of the May agreementsigned in Geneva, blaming the United States for destabilizing trade ties.

    “The US government has unilaterally andrepeatedly provoked new economic and trade frictions,” the ministry noted,pointing to recent US moves, such as AI chip export restrictions, bans on chipdesign software, and visa cancellations for Chinese students, as violations ofthe agreement’s intent.

    Beijing warned it would respond with“forceful measures,” without specifying what steps it might take.

    The Geneva accord included a 90-daysuspension of triple-digit tariffs and a pledge by China to lift certain tradebarriers on key metals used in the US technology and defense sectors.

    Trump, writing Friday on Truth Social,claimed that China had “TOTALLY VIOLATED” the agreement. He also doubled downon the claim during a rally in Pennsylvania, announcing plans to raise tariffson imported steel and aluminum from 25% to 50% to protect domestic producers.

    The US President offered no evidence tosupport the allegation of non-compliance.

    A federal appeals court has temporarilyupheld the tariff hike, following a lower court ruling that deemed theadministration’s strategy “unlawful.”

    While China remains the world’s top steelproducer, its steel exports to the US have been limited since 2018. Itcurrently ranks as the third-largest aluminum supplier to the US market.

    Read More Details
    Finally We wish PressBee provided you with enough information of ( China rejects Trump’s trade deal violation claims )

    Also on site :



    Latest News